At least some element of seasonality appears to have returned to the Boston-area housing market last month: Redfin’s monthly report on competition its agents’ offers faced found a slightly less frenzied atmosphere.

Only 71 percent of offers written by a Redfin agent in Greater Boston faced at least one other competing bid in June, down from 78.4 percent in May.

That figure compares to the 73.3 percent of Redfin offers that faced competition in the Boston area in June 2020, when the region began emerging from COVID-19 lockdowns and the wave of buyer interest began to build.

Anecdotally, real estate agents have told Banker & Tradesman that, while they saw demand remaining strong in June and multiple offers on many properties, there were far fewer outright bidding wars, compared to the spring months.

Buyer interest typically wanes somewhat in the summer due to family vacations and the signing of new leases.

“Buyer fatigue is likely one factor pushing down the competition rate, with some house hunters moving to the sidelines after losing bidding war after bidding war and/or getting priced out,” the Redfin report says. “An improving supply situation may also be making a difference, with new listings up 4 percent [nationally] year over year. That means there are more properties hitting the market for buyers to bid on.”

Inventory figures for Massachusetts’ submarkets have not yet been released by the Massachusetts Association of Realtors.

Nationwide, only 65 percent of offers written by Redfin agents faced competition in June, down from 72.1 percent in May and 74.1 percent in April.

Competition for Homes Eased in Boston Last Month, Report Says

by James Sanna time to read: 1 min
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